Stipened on mba intership & iaxability
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
13 July 2012
ON THE MBA INTERSHIP PERIOD , AMT RECEIVED BY THE STUDENT ,HOW TO TRAT IS IT EXEMT IF TES ,U/S WHICH SECTION OR IT IS TAXABLE UNDER WHICH HEAD?
13 July 2012
It is taxable. However you may follow an interesting discussion on this topic at the following link -
https://www.caclubindia.com/forum/is-stipend-taxable--105941.asp
https://www.caclubindia.com/forum/is-stipend-taxable--105941.asp
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